Ulster Television has reported a fall in first half pre-tax profits to £5.7m sterling, from £6.4m for the same period last year.
Turnover rose nearly 10% to £22.7m, despite the company saying these were testing times for global advertising markets.
In the summer the company completed its acquistion of Limerick's 95FM, following its purchase of Cork-based Country Media last year.
In a statement, chairman John McGuckian said that whilst ITV advertising revenues were down 13% in the first quarter of the year, UTV's were down just 2%, and the World Cup stimulus helped them to increase 2% in the second quarter.
Advertising revenues at County Media fell 5% on last year, but the division contributed £0.8m to group operating profits.
Its internet division UTV Internet turned a £0.2m profit after aggresive cost reductions.
McGuckian warned that given the level of uncertainty it was not appropriate to predict when there would be a return to growth.
